officials seem hopeful that the new president of egypt, mohammed morsi who played a key role in this whole standoff, this conflict that he will be a force for peace in the future, gregg. >> gregg: so far so good. what about the president's second term if the cease-fire does not hold? >> violence in the middle east, a threat of a war could easily evaporate a lot of presidential time or take up a lot of his time and energy and bottom line, if there is a threat of violence in the middle east once again. it could easily derail part of his second term agenda. a former bush white house advisor says like it or not, it is part of the job. >> the president has the responsibility for foreign policy. so, certainly, all eyes are on him and his administration to see what our reaction will be in keeping with our principles that israel is our closest ally in the region. and standing up for their defense. >> bottom line, when there is trouble in the middle east, folks tend to look here to the white house. and there are many examples in the course of history of events overtaking the plans of a white